Barclays Share Discussion Threads

[taffee] 02/6/2009 07:19

well what a pump and dump this had been!...just goes to show when something seems too good to be true(barclays share price rise),then it probably is!

[togglebrush] 02/6/2009 06:50

Sheik's shares will be placed and so unlikely to appear in the market yet.

Yesterday trading volume was 92 million (top quartile) and Maximum daily volume since June 06 is some 359 million. Assuming there are multiple buyers and they don't dump them, then the short term problem will be an emotional one, but any sales shouldn't thereafter swamp the market.

[gerryl] 02/6/2009 06:23

If Barc do fall this am, other banks may follow in sympathy. share price dilution is a possibility when UKGVT puts its shares back in the basket too ?

g

[abcd1234] 02/6/2009 06:18

re lloyds, whats the futures price for LLOY this am ... thanks

[grahamite2] 02/6/2009 06:00

Could be. But with a lot of people thinking the price had got ahead of itself anyway, even without this news, an avalanche of selling wouldn't surprise me. S3 is 277 and short term traders will want to try and get out at the off.

[wenlynn] 02/6/2009 05:51

They will be gobbled up easily !

[grahamite2] 02/6/2009 05:33

Phew, that's handy for those with shorts. Price likely to tend towards the 260-270 placing price.

Funny, didn't monty warn of this? He doesn't get it right every time but he has got good instincts.

[togglebrush] 02/6/2009 05:27

Another extract re Sheiks sale



The Abu Dhabi sheikh whose investment in Barclays last year helped the bank avoid the humiliation of being bailed out by Government money has seen the value of his stake double and has decided to sell his holding of more than 1.3bn shares.
...
Bankers at Credit Suisse have been appointed to handle a placing of the shares, which are expected to sell at about a 50p discount to last night's close.

[gcom2] 01/6/2009 22:33

Yes, if you have 10,000 Barc sell and get 43,000 Lloyds.....

[grahamite2] 01/6/2009 22:32

Further to above: if JPM raise the money as easily as Wells Fargo did a few weeks ago, it could be very bullish indeed for all banks.

[k38] 01/6/2009 22:28

im glad i can help :)

!

[grahamite2] 01/6/2009 22:23

Those selling Barclays to buy Lloyds are surely sensible.

US banks were dull today and the news after the close is that JPM need more cash.

[gcom2] 01/6/2009 22:13

by the time they have 'cleaned themselves out' sp's will be 3-5 timeswhat they are now.

shorters will ultimately lose their shirts i think.

[madoff with cash] 01/6/2009 22:09

kid, i won't buy banks until they all clean themselves out. the crunch has a long way to go. nothing's changed excpet more money flooded into the system. that's why these new money are sloshing around and risk takers allocate them to wherever they see fit. that's why indices are rising nominally but very very few real value/wealth is created. bonds sell-off shows no signs of abating. i'm perplexed why equities can remain high. but technically important thing is today high didn't touch new intraday high in the past three months. and the market fizzled out at the close. shorters will eventually make big bucks i think.

[bammbamm] 01/6/2009 22:01

Must spend more time in the day job if we get more action like todays!
Sorry if this has already been posted (prob by Monty!)

[fireman3014] 01/6/2009 21:43

good evening k38 thanks your 315 price 2day was spot on i
waited for it
cheers

[hamblyr] 01/6/2009 21:31

Thanks K38 - I'm in Lloyds as well and have taken up the offer (and RBS).

[abcd1234] 01/6/2009 21:21

colinc57 ..what are they saying about lloyds (LLOY)?
Ta

[k38] 01/6/2009 20:42

Wenlynn - I wish i was one of them rich people :) am i well off ? yes.

!

[wenlynn] 01/6/2009 20:36

There are some fabulously rich people on this bulletin board.
One of the pleasures we get is the knowledge that losers try to muscle in on our wealth.
I won't name names (but they do leave huge clues).

[wenlynn] 01/6/2009 20:29

Lads,
Bordeaux Nouveau ?
I value your judgement !
What's the best year ?

[k38] 01/6/2009 20:24

No money for a week or so, thats why i sold BARC today :( Fully invested at the moment.

!

[colinc57] 01/6/2009 20:18

k38 you could buy at 310 now